The price of Kaspa (KAS) is showing strong signs of a potential trend reversal as it breaks out from a falling wedge formation. This type of pattern is often considered bullish, especially when it’s followed by convincing metrics. KAS has reclaimed the $0.10 level and is trading around $0.103 at the time of the analysis. The level has been tested multiple times, weakening its resistance.
Several key momentum indicators are also shifting toward bullish territory, suggesting that Kaspa could be gearing up for a larger move in the coming weeks. This was made known in an X post by Crypto ₿ULL God on X.
What you'll learn 👉
Momentum Indicators Are Turning Up
One of the signals on the analyst’s chart is the breakout from the descending RSI trendline. The RSI has been moving within a downtrend for months, but it finally pierced through that resistance line. This move occurred while the RSI was still sitting well below the overbought threshold of 70, leaving plenty of room for upward movement. This type of setup often signals the beginning of a stronger uptrend.
CryptoBullGod pointed out that the Stochastic RSI has also broken out of its own downtrend. This crossover hints at rising momentum and aligns well with what we’re seeing in the RSI and price action. The fact that both indicators are turning bullish simultaneously makes this signal more reliable.
MACD Is Warming Up for a Bullish Cross
Another key element highlighted by CryptoBullGod is the MACD indicator. While it hasn’t completed a bullish crossover just yet, it’s very close. The MACD line is rising toward the signal line and both are still below the zero line. If the crossover happens above that level, it would confirm strong bullish momentum. But even from here, the setup looks favorable, especially since such a move from below zero often leads to significant upside potential.
Read Also: Avalanche (AVAX) Price Finds Bottom: Is a Bullish Spike Next? Key Targets Revealed
All of these developments are creating a technically strong setup for KAS. The price has room to run, indicators are flipping bullish, and the volume profile supports the breakout. If Kaspa can hold above $0.10 and build on this momentum, the next major resistance near $0.19 could come into play in the near future.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Read our recent crypto market updates, news, and technical analysis here.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
